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Article: Chile: Contatto forms partnership with foreign companies.
- Article from:
- South American Business Information
- Article date:
- October 11, 2004
CopyrightCOPYRIGHT 2004 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Chile, Oct 11, 2004 (El Mercurio/SABI via COMTEX)
Contatto, the Chilean office chair wholesaler, has sold a 15% stake in its capital to Ivars, the Italian industrial group, the Brazilian company Rhodes (Brazil) and the Argentinean firm Alubase for US$320,000. All three companies are owned by the multinational group Twins. According to Contatto's owner Angelo Mancini, the partnership will allow the company to increase sales by between 20% and 30% in 2005 and by 100% in 2006. ...